What is Webmoney, and how can I use it?
Webmoney is an online method of payment very similar to PayPal. You can use it to accept and make payments at thousands of places online, transfer money to other people, or even use it as a payment method on your own online store. You can have multiple accounts in different currencies that correspond with the US Dollar, Euro, Russian Ruble, and other currencies.
Several of the sites reviewed at SongBoom accept Webmoney as a payment option. To get started, go to the Webmoney website and sign up.
Most people that are familiar with conducting Bank Transfers will find Webmoney very easy to use, since a Bank Transfer is the easiest way to put money into your Webmoney account. However, not all people are familiar with making Bank Transfers; therefore, here are some hints on how to fill up your Webmoney account:
1) Bank transfer. I know it might sound scary (or difficult) if you've never done it before, but it's really not. Here in Europe it's such a standard thing that it really only takes about 2 minutes online to complete one. In the US, if you have an online banking service it might be easier - you can probably do the transfer in your browser rather easily. The only downside is that most US banks tend to charge crazy fees ($10-$30 or similar) for doing a transfer unless the account is at the same bank. Maybe you will be lucky and a transfer will be easy.
2) Get a CashU card (or if you're in the UK or Europe, check UKash or paysafecard). You can fill this card with a credit card and then transfer it to your Webmoney account here. This has the advantage that you can use your credit card, but you've got to go through an extra step to do it. This should work fine for people from the USA.
3) Transfer from a different e-currency. There are several websites that will exchange money from PayPal directly into Webmoney (for example, here here and here) - but you have to pay quite a high commission to do so. The exchange rates quoted on some of those sites are a hefty 13.9-17% when making the exchange using PayPal. I cannot personally attest to the service of any of those sites.
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